No Quit in the Indices

By

James "Rev Shark" DePorre

| Apr 24, 2013 | 4:13 PM EDT

The indices didn't do much today but the refusal to dip was impressive. Breadth was quite strong with 3300 gainers to just 2150 decliners, and pockets of strength included solar energy, refineries and homebuilders. Even stodgy old Microsoft (MSFT) attracted some momentum.

The news flow has not been particularly strong lately. Durable goods numbers were weak and Apple (AAPL) earnings were nothing special. But there is an underlying bid that isn't going away. The first quarter had slow but steady buying, and it looks that way again. Recent weakness is ignored and the big frustration is not having enough long exposure....1294 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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